Insurance news

• Gov. Charlie Baker defends proposed $2000-per-worker health insurance fee - MassLive.com

  25-01-2017 23:36 via masslive.com
  
  MassLive.com
  Gov. Charlie Baker defends proposed $2000-per-worker health insurance fee
  MassLive.com
  Gov. Charlie Baker announces his fiscal year 2018 budget proposal at the Statehouse on Jan. 25, 2017. (SHIRA SCHOENBERG / THE REPUBLICAN). Print Email · Shira Schoenberg | [email protected] By Shira Schoenberg ...and more »
  
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• MN lawmakers agree on health insurance premium relief; passage set for Thursday - TwinCities.com-Pioneer Press

  25-01-2017 22:57 via twincities.com
  
  TwinCities.com-Pioneer Press
  MN lawmakers agree on health insurance premium relief; passage set for Thursday
  TwinCities.com-Pioneer Press
  The roughly 120,000 Minnesotans facing skyrocketing health insurance premiums on the individual health insurance market are about to get taxpayer-funded 25 percent discounts after Gov. Mark Dayton and Republican lawmakers overcame their differences ...
  Dayton seeks health insurance purchase extensionAlexandria Echo Press
  Compromise reached to provide hea
  
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• Harris Insurance ingrains itself in the community - HNGnews.com

  25-01-2017 22:44 via hngnews.com
  
  HNGnews.com
  Harris Insurance ingrains itself in the community
  HNGnews.com
  Harris Insurance ingrains itself in the community - Poynette Press: Poynette Press ...
  
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• New Jersey Transit faces widening examination of safety practices

  25-01-2017 22:32
  
  Federal regulators discovered hundreds of potential work-hour violations, including altered duty logs and shifts longer than permitted.
  
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• Millions Live Where Car Insurance Is Unaffordable, Study Says - New York Times

  25-01-2017 22:32 via nytimes.com
  Millions Live Where Car Insurance Is Unaffordable, Study Says
  New York Times
  MILLIONS of Americans live in areas where auto insurance is unaffordable, according to a new analysis from the federal government. The report, from the Federal Insurance Office, analyzed premiums for basic liability automobile coverage in more than 9 ...
  18 Million Americans Can't Afford Auto Insurance, Mainly Because Of Where They LiveTheStreet.comall 6 news articles »
  
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• Tiger Woods returns: Farmers Insurance Open tee times, TV (PGA Tour 2017) - cleveland.com

  25-01-2017 21:40 via cleveland.com
  
  cleveland.com
  Tiger Woods returns: Farmers Insurance Open tee times, TV (PGA Tour 2017)
  cleveland.com
  Tiger Woods, shown at the pro-am on Wednesday, will make the Farmers Insurance Open his first official PGA Tour start since August 2015. (Gregory Bull/AP). Print Email · Dennis Manoloff, The Plain Dealer By Dennis Manoloff, The Plain Dealer The Plain ...
  Tiger Woods, 9 other golfers to watch: 2017 Farmers Insurance Open at Torrey PinesUPI.com
  Fantasy golf expert picks: 2017 Farmers
  
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• House Passes New Ban on Abortion Insurance Coverage - NBCNews.com

  25-01-2017 20:47 via nbcnews.com
  
  NBCNews.com
  House Passes New Ban on Abortion Insurance Coverage
  NBCNews.com
  Much ado was made about President Donald Trump's passage of the "global gag rule" Monday — which bans U.S. funds for foreign organizations that mention abortion as an option — but on Tuesday afternoon, the House passed a similar ban affecting policy ...
  House Republicans' Permanent Ban on Federal Abortion Funding Would Affect Private Insurance, TooSlate Magazine (blog)
  Will HR-7 Affect Me If I Have A Pr
  
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• Dayton proposes 'public option' for health insurance - Republican Eagle

  25-01-2017 20:03 via republican-eagle.com
  
  Republican Eagle
  Dayton proposes 'public option' for health insurance
  Republican Eagle
  ST. PAUL—A new form of health insurance could be available next year to Minnesotans in the individual health insurance market if a proposal by Gov. Mark Dayton gains approval of state legislators and the federal government. About 250,000 people buy ...
  
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• Allied World Enhances Managed Care Cyber Liability Offering

  25-01-2017 18:54
  
  Allied World North America has enhanced its cyber liability offerings and related services for its U.S. managed care package policy, 365Complete. The revised policy now contains heightened cyber protection and also expands the number of managed care clients who qualify …
  
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• Will your insurance cover abortions under HR 7? Here's what you need to know. - Mic

  25-01-2017 18:11 via mic.com
  
  Mic
  Will your insurance cover abortions under HR 7? Here's what you need to know.
  Mic
  Just a few short days after American women turned out in massive numbers in a historic display of unity, the U.S. House of Representatives voted to prohibit federal dollars from being used on abortion services. On Jan. 24, the House passed HR 7 with a ...and more »
  
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• Kansas officials support plan to move securities commissioner into Insurance Department, but former regulator opposes - Topeka Capital Journal

  25-01-2017 17:42 via cjonline.com
  
  Topeka Capital Journal
  Kansas officials support plan to move securities commissioner into Insurance Department, but former regulator opposes
  Topeka Capital Journal
  Attorney General Derek Schmidt takes notes following a hearing Wednesday on legislation to move the securities commissioner into the insurance commissioner's office. (Jonathan Shorman/The Capital-Journal). Current Kansas officials on Wednesday urged ...
  
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• Growing insurance consortium eyes industry-wide blockchain - Reuters

  25-01-2017 17:31 via reuters.com
  
  Growing insurance consortium eyes industry-wide blockchain
  Reuters
  ZURICH A consortium set up to explore the use of blockchain technology in the insurance industry plans to announce several new members in the coming weeks, and by 2018 could create an organization to manage contracts and claims, an executive ...and more »
  
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• Around the P&C insurance industry: Jan. 25, 2017

  25-01-2017 17:00
  
  News from Distinguished, Insuritas, Axa and more.
  
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• New Bill Grants Bonding Assistance to Small Businesses in New Jersey

  25-01-2017 16:28
  
  A recently passed bipartisan bill in New Jersey has brought good news to small businesses that want to participate on public construction projects. Senate Bill 123, signed by Governor Chris Christie on January 4, introduces a new program that will …
  
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• Good work keeps Washington County insurance low - Glens Falls Post-Star

  25-01-2017 16:26 via poststar.com
  
  Good work keeps Washington County insurance low
  Glens Falls Post-Star
  FORT EDWARD — A safe and professional history from Washington County's probation officers is helping the county's bottom line. The county's liability insurance went up sharply when the county armed its probation officers, county Administrator Chris ...
  
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• Arkansas Has Lowest Auto Insurance Rates in South Central Region - Insurance Journal

  25-01-2017 15:18 via insurancejournal.com
  
  Arkansas Has Lowest Auto Insurance Rates in South Central Region
  Insurance Journal
  Arkansas has lower auto insurance rates than the neighboring states of Louisiana, Oklahoma and Texas, the state insurance department reported. The Arkansas Insurance Department says a study by the National Association of Insurance Commissioners ...and more »
  
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• Woman Sentenced to 4 Years for Stealing $700K from Connecticut Company

  25-01-2017 15:14
  
  A former employee of a Connecticut real estate management and development business has been sentenced to four years in prison for stealing more than $700,000 from the company. Federal prosecutors say 50-year-old Debra Biagi, formerly of Greenwich, was also sentenced …
  
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• Arkansas Has Lowest Auto Insurance Rates in South Central Region

  25-01-2017 15:14
  
  Arkansas has lower auto insurance rates than the neighboring states of Louisiana, Oklahoma and Texas, the state insurance department reported. The Arkansas Insurance Department says a study by the National Association of Insurance Commissioners (NAIC) shows auto insurance rates in …
  
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• P/C Insurance Execs Foresee Commercial Lines Growth, Led by Cyber, Outpacing Personal Lines - Insurance Journal

  25-01-2017 15:13 via insurancejournal.com
  
  Insurance Journal
  P/C Insurance Execs Foresee Commercial Lines Growth, Led by Cyber, Outpacing Personal Lines
  Insurance Journal
  Leaders of the property/casualty insurance industry expect to see a considerable increase in the commercial lines of insurance for 2017, with cyber a potentially huge untapped market, according to an Industry Leader Trends survey, conducted by the ...and more »
  
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• Freezing Rain, Sleet Closes Northern New England Schools, Challenges Drivers

  25-01-2017 15:11
  
  A mix of snow, freezing rain, and sleet has closed numerous schools and made for difficult driving in northern New England. Some snow fell across the region, but the big challenge on the roads Tuesday morning was ice and strong …
  
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• P/C Insurance Execs Foresee Commercial Lines Growth, Led by Cyber, Outpacing Personal Lines

  25-01-2017 15:07
  
  Leaders of the property/casualty insurance industry expect to see a considerable increase in the commercial lines of insurance for 2017, with cyber a potentially huge untapped market, according to an Industry Leader Trends survey, conducted by the Insurance Information Institute …
  
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• Pennsylvania’s Henderson Brothers Hires Trushel

  25-01-2017 15:03
  
  Henderson Brothers Inc., a Pittsburgh, Penn., based insurance broker, has hired David Trushel as an account executive in the commercial lines department. Trushel will use his four years of industry experience to assist clients with creating specialized insurance programs and providing customer service. He earned …
  
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• Report: Trump Administration Orders Removal of Climate Page from EPA’s Website

  25-01-2017 14:52
  
  U.S. President Donald Trump’s administration has instructed the Environmental Protection Agency to remove the climate change page from its website, two agency employees told Reuters, the latest move by the newly minted leadership to erase ex-President Barack Obama’s climate change …
  
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• Zurich North America Names Leaders of Realigned Commercial Divisions

  25-01-2017 14:33
  
  Zurich North America has announced the name of its new North America Commercial Insurance unit and leadership team. This new unit brings together the former Commercial Markets and the former Global Corporate in North America units, which the  company says …
  
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• 31 Houses Damaged or Destroyed by Tornadoes in Louisiana

  25-01-2017 13:56
  
  Authorities say tornadoes destroyed or damaged 31 houses and RVs in Louisiana last weekend: 29 in the northwest near Plain Dealing, and two in the Natchitoches Parish town of Natchez. Officials say nobody was seriously hurt. The National Weather Service …
  
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• Intesa’s Interest in Generali Merger Has ‘No Obvious Logic’: Opinion

  25-01-2017 13:33
  
  Intesa Sanpaolo SpA’s interest in combining with insurer Assicurazioni Generali SpA has no obvious logic to it. If the lender has a cunning plan to make it work, it needs to reveal it. For now, Intesa says simply that it’s …
  
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• Cat Bond Issuance in 2017 Could Approach Record Levels: Aon Report

  25-01-2017 12:50
  
  Total catastrophe bond issuance for calendar year 2016 reached US$5.8 billion – a decrease from US$6.9 billion in 2015 – principally due to ongoing competitive re/insurance market conditions, according to an Aon report. The first quarter of 2016 saw a …
  
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• Massachusetts Governor Pitches Health-Insurance Penalty ... - Wall Street Journal

  25-01-2017 12:40 via wsj.com
  
  Massachusetts Governor Pitches Health-Insurance Penalty ...
  Wall Street Journal
  BOSTON—The first state in the nation to require residents to carry health insurance is grappling with escalating Medicaid rolls, but a fix floated by Massachusetts' Republican governor is drawing pushback from employers. In the state's budget released ...
  
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• P/C Insurers Fell to $1.7 Billion Underwriting Loss in First 9 Months of 2016

  25-01-2017 12:30
  
  For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development. The period produced a $1.7 billion net underwriting loss versus …
  
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• California-Based Sierra Nevada Issues 36-State Recall of Select Beers

  25-01-2017 12:30
  
  California-based Sierra Nevada Brewing Co. announced a recall on Jan. 22 of certain 12-ounce bottles of its pale ales, IPA’s and other beers after detecting a packaging flaw that could cause a piece of glass to break off into the …
  
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• AIG Reinsurance Deal May Spell Short-Term Loss, Long-Term Gain for Berkshire

  25-01-2017 12:30
  
  Berkshire Hathaway Inc.’s record risk-transfer agreement with American International Group Inc. is so big that Warren Buffett’s company risks posting its first annual underwriting loss since 2002 at its property/casualty business, according to Credit Suisse Group AG. The AIG transaction …
  
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• Insurance rules for driverless cars considered in New Jersey

  25-01-2017 12:15
  
  N.J. lawmakers have introduced bills that would require owners of driverless cars to maintain liability insurance coverage.
  
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• Wilder Forsythe Insurance marks 60th anniversary in Ogdensburg - North Country Now

  25-01-2017 12:09 via northcountrynow.com
  North Country Now
  Wilder Forsythe Insurance marks 60th anniversary in Ogdensburg
  North Country Now
  Wilder Forsythe Insurance Agency, 1815 Ford St. Ogdensburg marks 60 years in 2017. Pictured is the Forsythe family, from left, David, Donald, Robert and John. David and John Forsythe are running the day-to-day operations of the business. Their father ...
  
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• When flood insurance procurement is not a federal issue

  25-01-2017 11:30
  
  The National Flood Insurance Program is different from commercial insurance because all claims are paid from the treasury of the U.S. For that reason the NFIP is strictly construed by the federal courts.
  
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• Bring on the ‘Year of the Wild Card’

  25-01-2017 11:30
  
  If 2016 could be called 'The Year of the Unexpected' for so many reasons, thus far one could call 2017 'The Year of the Wild Card.'
  
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• Generali does not need merger partner, says insurance expert - CNBC

  25-01-2017 10:41 via cnbc.com
  
  CNBC
  Generali does not need merger partner, says insurance expert
  CNBC
  Generali has done an impressive job of refocusing its business and strengthening its balance sheet post-financial crisis and is strong enough to remain independent, Twelve Capital's insurance specialist told CNBC's Squawk Box on Wednesday. Rumors ...and more »
  
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• Chubb Taps Allied World’s Müller as Property & Technical Lines Director, Europe

  25-01-2017 10:00
  
  Chubb has appointed Alf Müller to the role of Property and Technical Lines director for Continental Europe, as it continues to evolve its client offering in the property, power generation (powergen) and construction insurance markets. In his new role, Müller …
  
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• Canada Pension Fund to Commit $1B to Fairfax’s Deal with Allied: Sources

  25-01-2017 09:50
  
  Prem Watsa’s Fairfax Financial Holdings Ltd. is close to announcing a deal that would see one of Canada’s largest pension funds contribute $1 billion in financing toward its acquisition of insurer Allied World Assurance Co., according to people familiar with …
  
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• W.R. Berkley Suspends Marine Underwriting in London: Sources

  25-01-2017 09:15
  
  W.R. Berkley has put under review and is suspending underwriting for its London marine book until it can determine the direction of this business going forward, Insurance Journal can reveal. W/R/B Underwriting, the company’s Lloyd’s managing agent, is suspending its $30 …
  
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• Intesa Sanpaolo Bank Confirms It Is Eyeing a Merger with Generali

  25-01-2017 08:45
  
  Intesa Sanpaolo SpA said it’s considering a merger with Assicurazioni Generali SpA, a deal that would reshape Italy’s financial industry by combining its second-biggest bank and largest insurer. “Possible industrial combinations with Assicurazioni Generali are currently being examined by the …
  
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• Cuvva launching pay-as-you-go car insurance aimed at infrequent drivers - TechCrunch

  25-01-2017 08:01 via techcrunch.com
  
  TechCrunch
  Cuvva launching pay-as-you-go car insurance aimed at infrequent drivers
  TechCrunch
  Cuvva, the Scottish startup that reckons it's spotted a gap in the market by offering hourly car insurance sold through a mobile app, is set to launch a novel and potentially disruptive new type of car insurance designed for infrequent drivers. It's ...and more »
  
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• H.W. Kaufman Financial Acquires Essential Insurance Services

  25-01-2017 07:41
  
  Farmington Hills, Mich.-based H.W. Kaufman Financial Group has acquired Essential Insurance Services Inc., a Colorado-based provider of premium audit services, including general liability, worker’s compensation and other auditable insurance coverages. Essential Insurance Services will become part of US-Reports, Kaufman’s national …
  
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• Fleming Named COO at The Doctors Company

  25-01-2017 07:33
  
  The California-based medical malpractice insurer, The Doctors Company, has appointed Bill Fleming as chief operating officer. He will report directly to the chairman and chief executive officer, Richard E. Anderson, MD. Fleming replaces Rob Francis, who is leaving the company. …
  
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• Ohio-Based HORAN Promotes Bogdan-Powers, Adds Cheesman

  25-01-2017 07:03
  
  Cincinnati, Ohio-based employee benefits and wealth management firm, HORAN, has promoted Valerie Bogdan-Powers to chief business development and client relations officer for HORAN’s Health Benefits Department, and appointed Keith Cheesman as to chief operating officer for HORAN Securities. Bogdan-Powers joined the …
  
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• Ohio Woman Sentenced, Must Repay $21K in Insurance Fraud Case

  25-01-2017 07:02
  
  Ohio Lt. Gov. Mary Taylor said Tuscarawas County resident Tiffany Frame has been sentenced to two years of community control supervision and ordered to complete 250 hours of community service for committing insurance fraud. She was also ordered to pay …
  
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• Illinois Treasurer Wants to Ensure Life Insurance Payouts

  25-01-2017 07:00
  
  A measure backed by Illinois’ treasurer could help ensure that insurance companies have paid out money properly to beneficiaries of life insurance policies. The proposed legislation would require companies to examine the past 20 years of their records to ensure …
  
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• Alabama-Based Cobbs Allen Taps Reed as HR Director

  25-01-2017 06:42
  
  Cobbs Allen, a national insurance and risk management firm headquartered in Birmingham, Ala., has hired Tyrenda Williams-Reed as its new Human Resources director. Reed will be responsible for company-wide human resource services, recruitment and talent development. As a member of …
  
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• Accredited Surety and Casualty Enters Agreement with Miami-Based Cinium Financial Services

  25-01-2017 06:27
  
  Accredited Surety and Casualty Company, Inc. (ASC), a subsidiary of Randall & Quilter (R&Q), has entered into an agreement with Cinium Financial Services Corp., based in Miami. Cinium specializes in providing surety bonds to small and mid-size companies in the …
  
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• Mississippi Tornado Damaged At Least 1,100 Homes

  25-01-2017 06:15
  
  A tornado that tore a 31-mile path across south Mississippi over the weekend killed four people and damaged or destroyed more than 1,100 homes, state officials said Monday, as the governor assured residents that federal funds were being sought to …
  
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• Flood map changes expected to impact flood insurance rates - Firstcoastnews.com

  25-01-2017 06:05 via firstcoastnews.com
  
  Firstcoastnews.com
  Flood map changes expected to impact flood insurance rates
  Firstcoastnews.com
  The national coastal study requested by Congress has not been updated in 40 years, says Sr. Engineer for FEMA Region IV, Mark Vieira. FEMA community prelimary flood hazard data. Once the flood map changes are finalized, designated Special Flood ...and more »
  
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